Michael Dell, CEO of Dell Technologies (DELL), recently expressed interest in bitcoin (BTC) by Chia a pro- BTC post on social network X from Michael Saylor, CEO of MicroStrategy and a “ famous Bitcoin whale.
The incident began on Thursday when Dell posted the status: “Scarcity creates value.” Immediately, Saylor, executive chairman of MicroStrategy (MSTR), responded: “Bitcoin is Digital Scarcity,” and Dell Chia the post.
The exchange continued when the Dell CEO posted an image of Cookie Monster from the show Sesame Street, which had been digitally edited (apparently by Saylor) to show the famous character eating Bitcoin instead of cookies.
Michael Dell is the founder and CEO of Dell Technologies, one of the world's leading technology companies. The company focuses exclusively on the development, sales, repair and support of computers and related products and services.
According to recent filings, Dell owned $34.6 billion in assets as of May 3, of which $5.8 billion was in cash and cash equivalents. However, there is no information about owning Bitcoin.
MicroStrategy Executive Chairman Michael Saylor has asserted that Bitcoin outperforms gold and real estate and stated that his company has no plans to sell the asset.
Also Read: Michael Saylor talks about the possibility of selling Bitcoin in the future
Recently MicroStrategy bought an additional 11,931 BTC (786 million USD) at a price of 65,883 USD. Accordingly, MicroStrategy increased the amount of Bitcoin it holds to 226,331 BTC with an Medium price of 36,798 USD.
In addition, MicroStrategy has also just raised an additional $700 million in Capital through the issuance of convertible bonds. According to them, the proceeds will be used to buy more Bitcoin (BTC).
